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285 Highway 3 Norfolk, Ontario N4G 4G7

1 ac
None Other Acreage

$1,685,000

Beautifully maintained 7-unit multifamily property offering stable income with room to grow. The building features a desirable unit mix of 1 three-bedroom, 1 two-bedroom, 2 one-bedroom, and 3 bachelor apartments, with several units updated between tenancies. Two units are currently vacant, providing immediate opportunity for new leasing or flexible use.Ample on-site parking and a 3,000 sq.ft. insulated and heated detached garage/shop with plumbing add to the versatility of the property. The shop is currently owner-occupied but may be leasable for hobby, storage, or small business purposes.Situated on a 1.09-acre CH-zoned corner lot with dual road access, the property offers future-use versatility and long-term potential. Conveniently located along Highway 3 between Tillsonburg and Delhi, this is a well-managed asset with solid existing tenants and clear upside available through lease-up of the vacant units and optional shop use. (id:49187)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X12449811
Property Type Multi-family
Community Name Rural Middleton
Features Irregular Lot Size

Building

Age 51 To 99 Years
Cooling Type None
Heating Type Other
Size Interior 1 Ac
Type Multi-family

Land

Acreage Yes
Sewer Septic System
Size Depth 206 Ft
Size Frontage 324 Ft ,4 In
Size Irregular 1.091
Size Total 1.091 Ac
Size Total Text 1.091 Ac
Zoning Description Ch

https://www.realtor.ca/real-estate/28961826/285-highway-3-norfolk-rural-middleton

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